Voltas shares down 1.26% as Nifty gains

economictimes.indiatimes.com:

Voltas Ltd. traded 1.26 per cent down in Tuesday's trade at 12:12PM (IST). Around 4,794 shares changed hands on the counter.
The stock opened at Rs 1071.1 and touched an intraday high and low of Rs 1078.0 and Rs 1055.0, respectively, in the session so far. Shares of the company of Voltas Ltd. quoted a 52-week high of Rs 1139.0 and a 52-week low of Rs 745.0.

Total market cap of the Voltas Ltd. stood at Rs 35009.26 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 2683.61 crore for the quarter ended 31-Dec-2023, up 13.53 per cent from previous quarter's Rs 2363.73 crore and up 31.79 per cent from the year-ago quarter's Rs 2036.27 crore.
The net loss for latest quarter stood at Rs 30.41 crore, down 72.45 per cent from the same quarter a year ago.
Shareholding pattern As of 31-Dec-2023, domestic institutional investors held 18.81 per cent stake in the company, while foreign institutional investors held 17.18 per cent and the promoters 30.3 per cent.

Valuation ratio According to BSE data, the stock traded at a P/E multiple of 125.27 and a price-to-book ratio of 4.96. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Voltas Ltd. belongs to the Air Conditioners industry.